CSP Inc.

CSP Inc. (CSPI) reported total sales of $12.0M for the first quarter of fiscal year 2026, resulting in a gross profit of $4.7M. The company faced operational challenges, recording an operating loss of $112K, though strong interest income of $601K helped offset this, leading to a modest net income of $91K. The bottom line was significantly impacted by a substantial income tax expense of $280K, which contrasted sharply with the pre-tax loss of $371K. On the balance sheet, the company maintains a robust liquidity position with $24.9M in cash and cash equivalents and total shareholders' equity of $44.8M. However, operating cash flow showed a significant usage of $2.9M, primarily driven by a $5.2M decrease in accounts payable and accrued expenses, alongside a $533K draw on the line of credit. The company declared a dividend of $299K during the period. Comparisons to prior periods were not available in the provided data.

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